Procter & Gamble Co. (PG) | Enterprise Value

Procter & Gamble Co. (PG) | Enterprise Value (EV)

Current Enterprise Value (EV)

Procter & Gamble Co., current enterprise value calculation

Current share price (P)	$ 62.39
No. shares of common stock outstanding	2,747,768,202
USD $ in millions
Common equity (market value)	171,433
Add: Convertible Class A preferred stock, stated value $1 per share (per books)	1,234
Add: Noncontrolling interest (per books)	361
Total equity	173,028
Add: Debt due within one year (per books)	9,981
Add: Long-term debt (per books)	22,033
Total equity and debt	205,042
Less: Cash and cash equivalents	(2,768)
Less: Investment securities	–
Enterprise value (EV)	202,274

Procter & Gamble Co., EV calculation

	Jun 30, 2011	Jun 30, 2010	Jun 30, 2009	Jun 30, 2008	Jun 30, 2007	Jun 30, 2006
No. shares of common stock outstanding¹	2,747,768,202	2,838,474,868	2,918,890,075	3,034,310,829	3,120,750,759	3,175,086,100
Share price^1, 2 (USD $)	58.51	59.82	52.37	71.01	64.70	61.20
USD $ in millions
Common equity (market value)	160,772	169,798	152,862	215,466	201,913	194,315
Add: Convertible Class A preferred stock, stated value $1 per share (per books)	1,234	1,277	1,324	1,366	1,406	1,451
Add: Noncontrolling interest (per books)	361	324	283	–	–	–
Total equity	162,367	171,399	154,469	216,832	203,319	195,766
Add: Debt due within one year (per books)	9,981	8,472	16,320	13,084	12,039	2,128
Add: Long-term debt (per books)	22,033	21,360	20,652	23,581	23,375	35,976
Total equity and debt	194,381	201,231	191,441	253,497	238,733	233,870
Less: Cash and cash equivalents	(2,768)	(2,879)	(4,781)	(3,313)	(5,354)	(6,693)
Less: Investment securities	–	–	–	(228)	(202)	(1,133)
Enterprise value (EV)	191,613	198,352	186,660	249,956	233,177	226,044

¹ Data adjusted for splits and stock dividends.
² Close price on the filing date of Procter & Gamble Co.'s Annual Report.

Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Procter & Gamble Co.'s EV increased from 2009 to 2010 but then slightly declined from 2010 to 2011 not reaching 2009 level.